e$aver Kids!
Now there’s a smarter way to save for your kids. It’s e$aver Kids! – the only savings account for kids that earns high interest rates. Read more about it here.

At a glance
  • Trust account where you’ll maintain complete control
  • High interest rates
  • Minimum deposit of $50 every month to help your savings grow
  • No lock-in period
  • No monthly fees
  • No minimum balance
  • No statements to file and no passbook or ATM card to lose
Next Steps
Call: 1800 747 7000
Get more info
account features
Benefits
  • Enjoy monthly interest payments
  • Check the account balance online
  • Easy access to the account in cases of emergencies – transfer funds via Internet Banking (up to S$10,000 daily), Phone Banking or withdraw cash at our branch counters^

“# Interest earnings calculation for e$aver Kids! is based on 0.50% p.a. whereas interest earnings calculations for other banks’ accounts are based on prevailing interest rates of local banks as at 1 August 2008.
Account opening requirements
  • Trustee to complete e$aver Kids! Trust Account Opening Form
  • Trustee to sign Declaration of Trust
  • Trustee to submit NRIC/Passport of Trustee of which a copy will be retained.
  • Trustee to submit the Birth Certificate of Beneficiary of which a copy will be retained
  • Trustee must complete a GIRO or Standing Instruction Application Form for monthly deposits of at least S$50 into account (must be from bank account in Trustee’s name)

Eligibility
  • Trustee (Parents) must be 21 years old and above
  • Beneficiary (Child) must be below 21 years old
  • Singaporeans, Permanent Residents or Foreigners
Note: Only 1 Trustee (main account holder) and 1 Beneficiary are permitted under the account.
Key Charges
Service Charges
Minimum initial deposit S$0
(Note: Trustee must complete a GIRO / Standing Instruction Form for monthly deposit of minimum S$50 into the e$aver Kids! account)
Minimum average daily balance S$0
(Note: If account is in $0 balance for 5 consecutive months, it will be closed automatically)
Fall-below fee S$0
Early account closure fee (within 6 months) S$0
For more information, please call our 24-hour Phone Banking on 1800 747 7000 or click on My Request to schedule an appointment to open an account at one of our 18 branches.
Important Notes:
  • Only the Trustee can operate the account and instruct the Bank to close the account and issue payment to either the Trustee or the Beneficiary.
  • Trustee cannot use the account to place Fixed Deposits online, open other transactional accounts online or make bill payments online (including credit card bills).
  • Trustee cannot link the account to his/her other Standard Chartered deposit accounts’ ATM cards or Standard Chartered credit cards.
  • The account has no maturity date such that once the Beneficiary turns 21 years old, the Trustee and the Beneficiary can jointly instruct the Bank to convert the account into a Joint/Or e$aver account (whereby the Beneficiary will be the joint account holder) or an individual e$aver account in the Beneficiary’s name.
  • This deposit account is eligible for deposit insurance coverage under the Deposit Insurance Act. This deposit account held by or for an individual or a charity, will be insured up to the limits specified in the Deposit Insurance Act.
  • Cash withdrawals at branch counters will incur a S$5 service charge.